Brazil's Vale ordered to set aside $1.48 billion for Brumadinho dam damages
SAO PAULO (Reuters) - A judge in Brazil’s Minas Gerais state partially granted an injunction sought by prosecutors ordering iron ore miner Vale SA to deposit 7.9 billion reais ($1.48 billion) for payment of potential fines related to a dam disaster last year.
Vale faces multiple legal battles after a tailings dam it owned and operated in the town of Brumadinho burst, killing more than 270 people.